Balance of payments BPM6: Capital account: Capital account Balance: Capital account Balance for the European Union
National currency, sum over component sub-periods
EU28B6CATT00NCCUQ • Economic Data from Federal Reserve Economic Data (FRED)
Latest Value
-10,940,000,000.00
Year-over-Year Change
107.28%
Date Range
1/1/1999 - 10/1/2019
Summary
This economic trend measures the total national currency over component sub-periods, providing insights into currency fluctuations and economic activity.
Analysis & Context
This economic indicator provides valuable insights into current market conditions and economic trends. The data is updated regularly by the Federal Reserve and represents one of the most reliable sources for economic analysis.
Understanding this metric helps economists, policymakers, and investors make informed decisions about economic conditions and future trends. The interactive chart above allows you to explore historical patterns and identify key trends over time.
About This Dataset
The 'National currency, sum over component sub-periods' metric represents the aggregated value of a country's national currency across various economic time frames. This data point is widely used by economists and policymakers to analyze exchange rate dynamics and broader macroeconomic trends.
Methodology
The data is collected and calculated by national statistical agencies and central banks.
Historical Context
This trend is closely monitored by financial institutions, governments, and international organizations to inform policy decisions and market strategies.
Key Facts
- The EU28 area includes 28 European Union member states.
- National currency data is reported in the local unit of each country.
- This metric is updated regularly by statistical agencies.
FAQs
Q: What does this economic trend measure?
A: This trend measures the total national currency of a country or economic region, aggregated across different time periods or sub-components.
Q: Why is this trend relevant for users or analysts?
A: This data is crucial for analyzing exchange rate dynamics, evaluating economic performance, and informing policy decisions by governments and central banks.
Q: How is this data collected or calculated?
A: The data is collected and calculated by national statistical agencies and central banks.
Q: How is this trend used in economic policy?
A: Policymakers and financial institutions closely monitor this trend to understand currency fluctuations and their impact on trade, inflation, and overall macroeconomic conditions.
Q: Are there update delays or limitations?
A: The data is updated regularly by statistical agencies, but there may be some delays in reporting, depending on the country or region.
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Citation
U.S. Federal Reserve, National currency, sum over component sub-periods (EU28B6CATT00NCCUQ), retrieved from FRED.